The Debt Bomb

In 1998 "The Debt Bomb and Savings Pool," was authored by Thomas McAuliffe and it explained how “debt is driving all that’s going wrong with this nation.” The former banker and economist says that America is dangerously approaching economic catastrophe while our public officials and bankers say the economy is fine. Characterizing press and media assessments of the economy as “wholesale ignorance” and “cavalier indifference,” McAuliffe warns that it is critical that we get the issue of debt and its consequences on the table for serious discussion. Why are government officials telling us that our economy is doing fine? McAuliffe explains the shocking truth.

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